Forging ties: Xi and Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah (second from right) arriving for the 8th Ministerial Meeting of China-Arab States Cooperation Forum at the Great Hall of the People in Beijing. — AFP
BEIJING: China will provide Arab states with US$20bil (RM80.5bil) in loans for economic development, President Xi Jinping told top Arab officials as Beijing seeks to build its influence in the Middle East and Africa.
The money will be earmarked for “projects that will produce good employment opportunities and positive social impact in Arab States that have reconstruction needs,” said Xi, without providing further details.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
